Question
JAC Partnership reported gross income from Operations of $60,000, operating expenses of $20,000, interest income of $3,000 and charitable contributions of $6,000. On the Partnership
JAC Partnership reported gross income from Operations of $60,000, operating expenses of $20,000, interest income of $3,000 and charitable contributions of $6,000. On the Partnership 1065 tax return how much would be shown on page 1 and what amounts would be shown on the Schedule K-1 as separately stated items?
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Income Tax Fundamentals 2019
Authors: Gerald E. Whittenburg, Steven Gill
37th Edition
1337703060, 1337673218, 9781337673211, 978-1337703062
